CEI Ventures launched its fifth fund this month, raising $14.85 million from 32 accredited investors. The fund, dubbed the Good Jobs Fund, will focus…
CEI Ventures
Funding
VETRO raises $1M as investors bet on growing demand for broadband services
(Editor’s Note: VETRO ended up raising $2.5 million this round. I’ve left the article as originally reported, though.) VETRO Inc., the Portland-based developer of…
Funding
CourseStorm raises $1.15M in Series B financing
CourseStorm, the Orono-based company that sells course-registration software to small- and medium-sized organizations, has raised $1.15 million in a Series B financing. Investors include CEI…
Funding
CEI Ventures invests $500k in Biddeford manufacturing startup
CEI Ventures has made a $500,000 seed investment in Junora Ltd., a manufacturing startup in Biddeford that is developing new technology for the global…
Funding
Investor interest drives Redd to increase offering, pulls in $2M in oversubscribed round
Redd, the Brunswick-based energy bar company, has raised roughly $2 million in equity capital—approximately $500,000 more than it initially expected to raise. The investment…
News
CEI Ventures closes fourth VC fund at $10M
CEI Ventures has raised an additional $2 million to fully capitalize its fourth venture capital fund, Coastal Ventures IV. The $2 million, in addition…
Funding
Tilson Technology raises $3M to fuel worldwide growth
Tilson Technology Management, based in Portland, has raised $3 million to fuel its growth worldwide in deploying information-technology software and building telecommunication networks. CEO…
News
Coast of Maine’s investment means exit for Maine Venture Fund, Coastal Ventures
A Massachusetts-based firm has made a substantial investment in Coast of Maine Organic Products, facilitating an exit for two of the Portland company’s early local…